I think there's a growing appreciation for the value of certain buildings that have historic value and that there's a set of occupants who want to use buildings in that way. I think part of it will be that business people will have to look at a particular case and see whether in fact a business case can be made. I think the challenge in some cases is that they face additional costs. The question is whether, on balance, they'll be able to generate additional rents. There are some situations where that can be used as a way to differentiate your project from others. I think there's a number of different groups that have an appreciation, or potential occupants who have an appreciation, for working in a historic building. You see that in different places. I know personally, from Waterloo, that has been a hub for new ventures, but they're in an older building. I think the challenge is that people want the older building, but they also want class A infrastructure within it; they want to have a good situation to work in.
On September 26th, 2017. See this statement in context.